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Business, 24.10.2019 21:43 levicorey846

Nikki is a single taxpayer who owns a vacation cottage on the lake. during the year, she rented it for $2,000 for 14 days, lived in it for 56 days, and left it vacant the remainder of the year. the year's expenses amounted to $5,000 interest expense, $800 property taxes, $1,500 utilities and maintenance, and $2,400 depreciation. using the irs method of allocating expenses, how much of the property-related expenses will be deductible for agi?
a. 0
b. $2,000
c. $1,940
d. $9,700

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Answers: 1

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